Which of the Following Transactions Would Be Appropriately Processed in the Sales

question 13

Multiple Choice

Which of the following transactions would be appropriately processed in the sales / collection process?

• A)THT Corporation purchased merchandise on account from HRS Corporation.
• B)HRS Corporation received cash from THT Corporation for a previous sale on account.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Transaction Exemptions

Specific situations or types of transactions that are exempted from the normal application of a law or regulation.

Regulation A

Regulation A is an exemption from the registration requirements mandated by the Securities Act, allowing smaller companies to raise capital through a simplified public offering process.

Qualification of Investors

The criteria that determine whether an individual or entity is eligible to invest in certain securities or investments.

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or harm caused by their actions, regardless of negligence or intent.